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Bitcoin slides as website drops South Korea prices from virtual currency rates

Reuters  |  NEW YORK 

By Gertrude Chavez-DreyfussNEW YORK (Reuters) - Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.CoinMarketCap shows real-time prices and market capitalizations for more than 1,300 cryptocurrencies and is widely followed by market participants. The exclusion of data from South Korean exchanges, where virtual currencies trade at a wide premium, sowed confusion and triggered a broad selloff. "Every crypto is priced at a 30 ...

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First Published: Tue, January 09 2018. 00:34 IST
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